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Dump Detector - Stochastic RSI

Dump Detecter uses Stochastic RSI to detect dumps/downtrends. Can be used as an exit trigger for long bots or an entry trigger for short bots. Change settings to lower timeframe for scalping. Pump signals can be turned on with tickbox.

Default Settings are not the usual Stochastic RSI setup and have been tuned to bitcoin 3hr chart:
Timeframe = 3hrs
smoothK = 3
smoothD = 3
lengthRSI = 6
lengthStoch = 27
src = close
Notas de prensa: Added a range filter for pump and dump detection, It was set to only pickup crossovers/crossunders over the 50 line on the Stochastic RSI indicator. Now default settings is to pick up all crosses. To use those old settings adjust "crossover/under must be greater than" to 50. Traders can choose to only pickup dump signals when Stochastic is overbought by making min value 80 and max value 100. Likewise for the opposite detecting pumps only in oversold range by setting min value to 0 and max value to 20.
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Comentarios

is there a way to back test this script? also why there is no Pump Warning indicator (Green below Bar) but in alert you have pump alert? thanks
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veryfid AyieJosh
@AyieJosh, Hi, you can turn on the pump signals in the settings. Apart from scrolling left you can turn it into a strategy in the pine code.
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Great work dude! Thank you for sharing. I’m excited to try this out!
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Hi, very nice work! One question: Do i need to set lengthStoch = 27? is the result much better then the 14?
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veryfid Joeanucha
@Joeanucha, Hi, the default setting on this indicator is 27. It is also set to the 3 hr timeframe, you can change this to lower timeframes if you want it to be more sensitive. 27 focuses on larger down trends while 14 will pick up more smaller dips and trigger more often. You can tune it in to whatever you are looking for by adjusting the lengthRSI, lengthStoch and timeframe numbers.
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veryfid Joeanucha
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dear sir.
is this also usable in the 1h tf chart?
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veryfid Pancake80
@Pancake80, Hi yes it works on all timeframes, just choose the timeframe in the indicator settings and play with the lengthRSI and lengthStoch numbers until it looks right. The more dumps you want to pickup the smaller the timeframe.
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